LIQUIDITY SERVICES INC — Director's Dealing 2017

Mar 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LIQUIDITY SERVICES INC (LQDT)
CIK: 0001235468
Period of Report: 2016-12-20

Reporting Person: Sweeney Michael E (VP & Chief Accounting Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-20	Employee Stock Grant	$10.3	A	3950	Acquired	2026-12-20	Common Stock (3950.0)	Direct
2016-12-20	Employee Stock Grant	$10.3	A	3950	Acquired	2026-12-20	Common Stock (3950.0)	Direct
2016-12-20	Employee Stock Option	$10.3	A	2350	Acquired	2026-12-20	Common Stock (2350.0)	Direct
2016-12-20	Employee Stock Option	$10.3	A	2350	Acquired	2026-12-20	Common Stock (2350.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Grant	$5.53	2026-04-01	Common Stock (14000.0)	14000	Direct
Employee Stock Grant	$9.75	2026-12-22	Common Stock (13400.0)	13400	Direct
Employee Stock Grant	$9.75	2026-12-22	Common Stock (6600.0)	6600	Direct

Footnotes

F1: Twenty-five percent of this restricted stock grant will vest on April 1, 2017 and thereafter 1/4 of the restricted stock grant will vest on April 1 of each year for three years.

F2: Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4 of the restricted stock grant will vest on January 1 of each year for three years.

F3: These restricted shares will vest, if at all, based on the Issuer's achievement of certain financial milestones.

F4: Twenty-five percent of this restricted stock grant will vest on January 1, 2018 and thereafter 1/4th of the restricted stock grant will vest on each of October 1, 2018, October 1, 2019 and October 1, 2020.

F5: 15/48th of this option grant will vest on January 1, 2018 and then 1/48th of the option grant will vest each month for thirty-three months.

F6: This option becomes exercisable, if at all, based on the Issuer's achievment of certain financial milestones.